6) NATIONAL PENSION SCHEME (NPS)
NPS is a beneficial schemefor those people who are mainly in employment and wants some regular income after their retirements. In this article we will discuss in details about NPS
Taxes
5) Deductions & Exemptions under Income Tax Act for Salaried Individuals
• All individuals or HUFs (except those liable to audit under clause a and b of section 44AB) paying monthly rent to a resident, in excess of Rs. 50,000 are liable to deduct TDS under Section 194-IB @ 5% of the Gross rent paid during the Financial Year.
4) Prevalidation of Bank Account and generation of EVC (Electronic verification code) on Income Tax Portal
Electronic Verification of Income Tax Return after filling is mandatory to accept the Income Tax return for further processing. EVC is a 10 digit unique alphanumeric code to confirm the identity of the person
3) E-ASSESSMENTS
Have you received any scrutiny notice from the Income Tax department? Don’t worry now the government has introduced E–ASSESSMENTS to complete processing of income tax cases. As per Government it will ensure greater transparency and accountability and hence reduction in harassment and other malafide practices by tax authorities in Income Tax Scrutiny Process.
2) All about 15CA-15CB FORMS FOR REMITTANCES
While making any remittances outside India there is a requirement of filling of form 15CA-15CB as per the provisions of income tax act and applicable DTAA (Double Taxation Avoidance Agreements), as the case may be. This article will explain you about form 15CA-15CB applicability.
